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How Much Did Sheldon Adelson Really Spend on Campaign 2012?

Sheldon Adelson - Caricature

By Theodoric Meyer, ProPublica, Dec. 20, 2012, 11:48 a.m.

Sheldon Adelson, the billionaire casino magnate and emblem of the Citizens United-era of campaign finance, spent gobs of money on the 2012 elections — more money than anyone else in American history.

Exactly how much, you ask?

We don't really know, and it's likely we never will. Many of the groups that spent the most on the election aren't required to report their donors. But thanks to recent campaign finance filings, we can get a better idea.

We dug through Federal Election Commission and Internal Revenue Service records and found that Adelson and his wife, Miriam, spent at least $101 million this election cycle. The money went to at least 30 different candidates and groups, with contributions ranging from $2,000 for a Florida congressional candidate to $30 million for Restore Our Future, the super PAC that supported Mitt Romney.

Adelson also gave $25 million to Winning Our Future, a super PAC backing Newt Gingrich; $23 million to American Crossroads, a conservative super PAC; and $5 million each to the Congressional Leadership Fund and the YG Action Fund, both of which supported Republican candidates for Congress.

One of the more puzzling contributions was a $1 million check Adelson wrote in October. The money went to Hardworking Americans, a super PAC that attacked Sen. Debbie Stabenow, a Michigan Democrat who had a big lead in the polls and was re-elected three weeks later by a 21-point margin.

A spokesman for Adelson's company, Las Vegas Sands, did not respond to a request for comment.

The $101 million figure matches up with the $100 million that Adelson, who is worth a reported $21 billion, had vowed to spend to defeat President Obama. But it doesn't include the checks he wrote to "dark-money" groups — organizations that don't have to disclose their donors, making their spending harder to track. These groups have proliferated since the Supreme Court's 2010 decision in Citizens United v. Federal Election Commission, which opened the door to unlimited corporate and union giving.

The Huffington Post recently reported that Adelson's total spending may have approached $150 million.

Two anonymous Republican fundraisers told the Huffington Post that Adelson had given between $30 and $40 million to Crossroads GPS, the dark-money group founded by Karl Rove, and at least $15 million to groups affiliated with Charles and David Koch, the billionaire industrialist brothers. Adelson also gave millions to the U.S. Chamber of Commerce and the Republican Jewish Coalition, the fundraisers said.

If accurate, those numbers would place Adelson's total spending on the election at around $155 million.



romney

An explosive article from Salon this week highlights the attitude of corporations that profits rule, above all else.

But what if that corporation is a for-profit health care company that values profits over the health and safety of its patients? You may say that's just how corporate America rolls in these times, and I'd have to agree. But now what if the corporation that owns the for-profit health care provider is Bain capital -- founded by Republican presidential nominee Mitt Romney -- reportedly sees about 1 death per year on average in its facilities due to neglect, abuse or the use of under-paid staff with inadequate training? And what if Mitt Romney, a man who is running for the highest office in our nation based on his business acumen, is also profiting from that health care provider?

"Corporations are people, my friends." No, no they're not. Also, their profits are absolutely not more important than the troubled teens who were sent for "treatment" at the Bain Capital owned CRC Health centers who didn't live to return home.

Via Salon.com:

When the morning staff arrived at 7 a.m., they discovered Brendan face down on the floor of the Purple Room, his body already stiff with rigor mortis. The state’s chief medical examiner later determined that Blum had died of a twisted-bowel infarction, which requires emergency surgical intervention.
...

The failure at Youth Care was not due simply to the carelessness of a few workers — a point underscored when a Utah court found that the threshold needed to pursue criminal negligence charges against the two monitors in 2008 wasn’t met and the charges were dismissed. And it wasn’t the only example of alleged negligence or abuse at treatment centers for adult addicts and “troubled teens” that are owned by Aspen’s parent company, CRC Health Group, according to a Salon investigation based on government reports, court filings and official complaints by parents and employees, along with interviews with former clients and staff.

...

Court documents and ex-staffers also allege that such incidents reflect, in part, a broader corporate culture at Aspen’s owner, CRC Health Group, a leading national chain of treatment centers. Lawsuits and critics have claimed that CRC prizes profits, and the avoidance of outside scrutiny, over the health and safety of its clients. (We sent specific questions on these basic allegations to CRC and owner Bain Capital. CRC would answer only general questions; Bain did not reply.)

And CRC’s corporate culture, in turn, reflects the attitudes and financial imperatives of Bain Capital, the private equity firm founded by Mitt Romney. (The Romney campaign also did not reply to written questions.) Bain is known for its relentless obsession with maximizing shareholder value and revenues. Indeed, this has become a talking point of late on the Romney campaign trail; he bragged to Fox in late May that “80 percent of them grew their revenues.” CRC, a fast-growing company then in the lucrative field of drug treatment, was perhaps a natural fit when Bain acquired it for $720 million in 2006. In conversations with staff and patients who spent time at CRC facilities since the takeover, there are suggestions that the Bain approach has had its effects. “If you look at their daily profit numbers compared to what they charge,” Dana Blum said of CRC’s Aspen division in 2009, “it’s obscene.” That point, ironically enough, was underscored by the glowing reports in the trade press about its profitability.

Also noteworthy, of the three Bain managing partners who sit on CRC’s board, two, John Connaughton and Steven Barnes, along with his wife, gave a total of half a million dollars to Restore Our Future, the super PAC supporting Mitt Romney. They also each donated the $2,500 maximum directly to his campaign.

I can't imagine the pain Brendan Blum's family must feel when they hear Mitt Romney droning on about profits, stock options, and tax shelters in the Caymans as they grieve in silence. They can no longer speak publicly about Brendan’s death, according to the terms of a settlement reached last year in a wrongful death lawsuit.



lots-of-money

Freep.com reports:

The Republican candidates and a few independent groups have spent nearly $10 million on TV and radio ads in seven states that vote on Super Tuesday, and more than half of that total comes from the Mitt Romney-backing Restore Our Future, which is running spots criticizing Rick Santorum and Newt Gingrich.

The infusion of cash into this coming week's contests has swelled total ad spending in the GOP presidential race to more than $75 million, according to a review of Federal Election Commission data and information provided to the Associated Press by several media buyers.

About $40 million has been spent by the Romney campaign and Restore Our Future to support the former Massachusetts governor.

The latest figures provide more evidence of the oversized role that these groups, known as super political action committees, have played in the campaign.

Super PACs were spawned by a 2010 Supreme Court ruling that eased campaign finance regulations for corporations, unions and wealthy individuals. These groups can raise and spend unlimited funds as long as they do not coordinate directly with a candidate.

That's a whole lot of money being tossed around, yet its producing only dismal results.

As the primary election process drags on, Republican candidates look less and less appealing. A new study finds that the contest has left only one in 10 adults with a more favorable view of the Republican party, and 70 percent of those questioned could only come up with negative words to describe the primary race. "Unenthusiastic," "painful," "lesser of two evils," and "depressed" were among the words or phrases participants used. The poll specifically suggested that negative campaigning is responsible for creating a poor image of the candidates.